The transaction marks the latest step towards overall resolution of debt totalling around Rs 94,000 crore.
There have been legal challenges for the NFRA, set up under the Companies Act, 2013.
Officials said there have been occasions when some entities have sought to take the benefit of certain regulatory gaps.
NCLT Mumbai will continue its scheduled hearing in the case of their alleged role in the IL&FS fraud matter, the bench said.
IL&FS group's failure has made banks highly risk averse to the NBFC sector, leading to a severe liquidity crunch.
The Indian government took control of IL&FS late last year after it defaulted on some of its debt.
NBFCs, including HFCs, came under stress following series of defaults by group companies of IL&FS in September last year.
In recent times, the ministry has initiated stringent action against various entities, including auditors, in the IL&FS scam, among others.
The move is aimed at helping the rating agencies get timely information about the rated entity's financial strength.
RBI was closely monitoring top 50 NBFCs, and had a good understanding of cash flows of these firms, said Shaktikanta Das.